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Sure, resources were misallocated. But we're now six years into this, it's been a largely jobless recovery, infrastructure is crumbling before our eyes, and tho
by panarky 13y ago
Sure, resources were misallocated. But we're now six years into this, it's been a largely jobless recovery, infrastructure is crumbling before our eyes, and those misallocated resources are now sitting idle.
If you forget about money for a second, it seems like there are a lot of jobs that need doing, and a lot of resources that are idle.
Bridges need to be built, highways need to be paved, kids need teachers and tutors, and we're firing cops and firefighters like never before.
Why can't we match up some of those jobs that need doing with the people, trucks, and factories that are idle?
Why isn't the free market doing a better job re-allocating those resources to more productive uses?
- pdonis 13y agoit seems like there are a lot of jobs that need doing, and a lot of resources that are idle. No argument here. Why can't we match up some of those jobs that need doing with the people, trucks, and factories that are idle? Because most bridges, highways, schools, police and fire departments, etc. are owned by governments, not by private industry, and governments suck at doing what you suggest. Why isn't the free market doing a better job re-allocating those resources to more productive uses? Because governments effectively have a monopoly on many of the productive uses that currently need resources (since they own the infrastructure that needs to be fixed).